Business, Management and Accounting
8 years ago

Unbundled market for railways: the future of competitive tendering.

Regulation of a Competitive Environment on Railways – Time to Decide
Martin Kvizda

Paper Summary

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The article discusses how competition in the railway industry has been regulated by governments worldwide since the 19th century. It compares different competition models and their impact on state budgets using the example of Austrian railways. The study suggests that a market based on competitive tendering for passenger services is the best approach for regulating the railway industry, rather than allowing free open access.